W&T Offshore Q2 EPS $(0.08) Misses $(0.06) Estimate, Sales $126.18M Miss $126.75M Estimate
Portfolio Pulse from mahesh@benzinga.com
W&T Offshore (NYSE:WTI) reported Q2 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.06) by 33.33%. This is a 106.06% decrease from last year's earnings. The company also reported quarterly sales of $126.18M, missing the estimate of $126.75M by 0.45%, a 53.92% decrease from last year.
August 04, 2023 | 10:33 am
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NEGATIVE IMPACT
W&T Offshore's Q2 earnings and sales missed estimates, marking a significant decrease from last year.
W&T Offshore's Q2 earnings and sales missed analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100